The Greedy Trader Weekly Analysis
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S&P 500 Oversold Stocks

Archive
- 3/15/2024 -
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General Dynamics (GD) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index and MACD bearish divergence
Daily :The price has risen above the Parabolic SARThe price touches the upper Bollinger BandThe Bollinger Bands are historically close together
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It was a second consecutive positive week for the General Dynamics (GD). During the week, the GD gained 2.90 points, or 1.06%, and closed at 275.21 on Friday, March 15, 2024. Weekly volume was -31% below average.

GD is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See GD long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 100.55 and reached 277.43 on March 5, 2024. GD gained -176.88 points, or -175.91%, in 206 weeks. Price is near the trend high.

Medium-term trend: [See GD medium-term trend chart]
A medium-term uptrend had started on May 30, 2023 at 202.35 and reached 277.43 on March 5, 2024. GD gained -75.08 points, or -37.10%, in 40 weeks. Price is near the trend high.

Weekly Technical Indicators: [See GD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 7, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See GD short-term trend chart]
A short-term uptrend had started on March 11, 2024 at 270.43 and reached 276.93 on March 15, 2024. GD gained -6.50 points, or -2.40%, in 4 days. The price is now at the 26.46% retracement level.

Daily Technical Indicators: [See GD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 28, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands (2.46%) is close to one year low (2.34%). It is 62.75% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.91
Williams' Percentage Range (W%R) 39.60
Lane's Stochastic (%D-Slow) 62.11
Greed/Fear Indicator (GFI) 60.46
Moving Average Converg./Diverg. (MACD) 2.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.74
Bearish
Williams' Percentage Range (W%R) 8.00
Strong Overbought
Lane's Stochastic (%D-Slow) 91.77
Strong Overbought
Greed/Fear Indicator (GFI) 81.79
Overbought
Moving Average Converg./Diverg. (MACD) 9.76 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 275.84
Price 275.21
Weekly Stochastic Crossing 275.06
Daily Stochastic Crossing 274.82
20 Day Moving Average 273.19
Parabolic System 271.26
Lower Bollinger Band 269.06
50 Day Moving Average 265.50
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Aerospace & Defense 55
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 270.43
Low Date 03/11/2024
High 276.93
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 247.36
Low Date 01/18/2024
High 277.43
High Date 03/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 214.53
Low Date 10/06/2023
High 277.43
High Date 03/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 202.35
Low Date 05/30/2023
High 277.43
High Date 03/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 100.55
Low Date 03/23/2020
High 277.43
High Date 03/05/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.